Caritas Investment Advisors LLC

The firm is a state-registered investment adviser that provides continuous, discretionary portfolio management and investment supervisory services to individuals as well as a range of nonprofit and institutional clients, including charitable organizations, college and university endowments, and public pension funds. Its brochure notes that it also manages retirement-plan assets (pension, profit-sharing and 401(k) plans) and reported managing approximately $14.5 million in client assets as of March 16, 2022.

The firm’s investment approach emphasizes low-cost, passively managed ETFs and diversified asset-allocation models, with portfolio construction informed by fundamental, technical, quantitative and qualitative analysis. Tactical elements — including conservative option strategies (primarily Level 1 covered-call writing), occasional short sales or margin use, and implementation through Schwab Institutional model/“robo” portfolios — are deployed to manage volatility and align portfolios with client objectives.

What distinguishes the firm from many peers is the combination of serving institutional clients while operating as a small, state-registered advisory practice and the principal’s separate role as a licensed residential real estate agent affiliated with a broker, a relationship the brochure discloses and addresses through written conflict-management procedures. The brochure also emphasizes an explicit preference to use only very low expense-ratio ETFs (generally 0.25% or less) and a stated avoidance of higher-fee mutual funds, which the firm presents as part of its implementation and cost-control stance.